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ISDA_Trader
May 18, 2020 2:52 PM

Peloton Spot - Long Long

Peloton Interactive, Inc.NASDAQ

Description

The stock is in an uptrend post results
Covid -19 has provided a big boost to indoors gym and that will be shown in its numbers
Though the stock has run up a lot, there still is 10-20 % upmove potential.
Once it breaks above 49, can see it going to 54

Trade active

Updating the target to 75

Comment

US cases again creeping up

Comment

Results in a month will see a run before that

Comment

Valuation of 25b is achievable (90 )
Good acquisition target

Comment

Cheaper version of Peloton might be coming to market soon
Comments
TraderVINOD
had sold my lot at $45, do you think any near term entry point?
ISDA_Trader
@TraderVINOD, update target of 75.
Might see 90 is broader market support
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